\\ \textit{Panel B: 2SLS}
                    &         (1)        &         (2)        &         (3)        &         (4)        &         (5)        \\
\midrule
Rail (5km)          &       0.072$^{**}$ &       0.009        &       0.002        &       0.001        &       0.012        \\
                    &     (0.032)        &     (0.012)        &     (0.002)        &     (0.002)        &     (0.012)        \\
Municipality FE     &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        \\
Region FE$\times$Year FE&         Yes        &         Yes        &         Yes        &         Yes        &         Yes        \\
Local Geography$\times$Year FE&         Yes        &         Yes        &         Yes        &         Yes        &         Yes        \\
Pre-Rail Controls$\times$Year FE &         Yes        &         Yes        &         Yes        &         Yes        &         Yes        \\
\addlinespace[0.1cm]
First-Stage F-stat  &       26.48        &       26.48        &       26.48        &       26.48        &       26.48        \\
Observations        &       18152        &       18152        &       18152        &       18152        &       18152        \\
Mean dep. var.      &       0.006        &       0.002        &       0.000        &       0.000        &       0.002        \\
\bottomrule
